AMD wasn't the only one to suffer the effects of a sluggish PC market last quarter, but Intel weathered the storm quite a bit better than its rival. The chip giant posted its third-quarter results earlier this afternoon, revealing decreases in revenue and net income of about 5% and 14%, respectively, compared to the year before. Unlike AMD, however, Intel didn't see a dramatic sequential decline; its revenue growth was flat compared to the previous quarter, and it actually posted slightly higher net income.
|Q3 2011||Q2 2012||Q3 2012|
|Revenue||$14.2 billion||$13.5 billion||$13.5 billion|
|Net income||$3.5 billion||$2.8 billion||$3.0 billion|
Intel CEO Paul Otellini comments in the earnings release, "Our third-quarter results reflected a continuing tough economic environment." However, he adds on an optimistic note, "The world of computing is in the midst of a period of breakthrough innovation and creativity. As we look to the fourth quarter, we're pleased with the continued progress in Ultrabooks and phones and excited about the range of Intel-based tablets coming to market."
The official Q4 forecast seems a tad less optimistic. Intel expects revenue of $13.6 billion "plus or minus $500 million" this quarter, which leaves room for a pretty decent quarter-to-quarter slump. Gross margin is expected to fall to 55-59%, as well. For reference, Intel posted revenue of $13.9 billion with a gross margin of 64.5% for the fourth quarter of 2011. That was down from $14.2 billion and 63.4% the quarter before.
|1. Hdfisise - $600||2. Ryszard - $503||3. Andrew Lauritzen - $502|
|4. the - $306||5. SomeOtherGeek - $300||6. Ryu Connor - $250|
|7. doubtful500 - $200||8. Anonymous Gerbil - $150||9. webkido13 - $135|
|10. cygnus1 - $126|
|Nvidia recalls Shield Tablet due to battery fire risk||35|
|Mozilla CEO protests Win10's default application setup process||81|
|Deals of the week: Samsung's 850 EVO 1TB for $310 and more||33|
|Report: new Google Glass is a clip-on model for businesses||10|
|14 million have upgraded to Windows 10 in its first 24 hours||70|
|EVGA X99 Micro 2 mobo offers USB-C in a microATX package||12|
|The Tech Report Podcast is live on Twitch||5|
|Wake-from-sleep vulnerability leaves UEFIs open to attack||43|
|GPU-Z utility gets a Windows 10 update||6|